Tracking Rural Urban Consumption Expenditure (TRUCE) Index, reveals strengthening of consumption in March-23

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May 23, 2023

QuantEco Research || Introducing TRUCE Consumption Index

Domestic consumption firmed up in Mar-23, as measured by QuantEco Research’s TRUCE indices, with urban consumption index rising to 0.68 i.e., the highest level since Nov-19 led by Air passenger traffic and Petrol consumption. On the rural side, a sizeable drop in CPI inflation along with continued strength in tractor sales provided support to the index. Urban consumption continues to remain stronger than rural counterpart in Mar-23 – a trend that has remained intact over the last near 1-1/2 years